Worst scenario avoided, PM
13:55, 22 June 2009
ASTANA. June 22. KAZINFORM /Muratbek Makulbekov/- Addressing the enlarged sitting of the Nur Otan party in the Majilis Prime Minister Karim Massimov noted that the downturn of Kazakhstan's economy ceased to progress in May this year.
«There was observed growth in some of the industries and economic spheres. Within five months agricultural production output increased by 3%; investments into the fixed capital increased by 7,4% and by 10,8% in May. The population's income growth in April made 4%, wages - 3%. Employment increased by 3,4 %; 100, 000 jobs have been created and the inflation level made 3,5%. We have managed to avoid the worst economic scenario and created preconditions of the post-recession development », - Kazakhstan PM said.